Regulatory Alerts2022-01-01 | JPRM-2022-007-MResolution JPRM-2022-007-M — Policy for Comprehensive Risk Management of the Central Bank of Ecuador
The Monetary Policy and Regulation Board of Ecuador issued Resolution JPRM-2022-007-M to establish the Comprehensive Risk Management Policy for the Central Bank of Ecuador. This resolution mandates the integration of risk management into the Bank's strategic planning and decision-making processes to ensure monetary and financial sustainability. It defines key risk categories, assigns management responsibilities to operational processes, and requires quarterly reporting to the Board while repealing previous risk management regulations.
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